Markets

TVS Electronics Limited Completes Amalgamation, Gopal Srinivasan Becomes Sole Promoter TVS Electronics Limited announced the completion of the amalgamation with TVS Investments Private Limited (TVSI) on March 22, 2026, following a scheme sanctioned by the National Company Law Tribunal, Chennai Bench, on November 27, 2025. As a result of the merger, TVSI, previously the Promoter, has ceased to be the Promoter of the company, and Gopal Srinivasan is now the sole Promoter.Shareholders of TVSI received equity shares in TVS Electronics Limited as per the scheme, and the necessary approvals for listing and trading have been secured from the stock exchanges. Following the allotment, Gopal Srinivasan holds 59.71% of the company's equity share...

Sundaram Clayton Limited Increases Investment in Navia Two Power Private Limited Sundaram Clayton Limited announced an additional investment of Rs. 7,44,63,409 in Navia Two Power Private Limited on March 21, 2026. The investment facilitated the acquisition of 39,047 equity shares through a rights issue, with shares issued at a face value of Rs. 10 each and a premium of Rs. 1,897.02 per share.This acquisition increases Sundaram Clayton’s total shareholding in Navia from 11,628 equity shares to 50,675 equity shares, representing a 18.17% stake.Navia Two Power Private Limited, incorporated on August 12, 2024, is a special-purpose vehicle for owning and operating a Captive Power Plant, in compliance with regulatory requirements for...

Jubilant Ingrevia Begins Commercial Production at Bharuch Site Jubilant Ingrevia Limited announced the commencement of commercial production at its Bharuch site on March 21, 2026. The production involves Agro Intermediate under a contract manufacturing (CDMO) agreement with a leading agrochemical company.Dispatch of the produced material began on the same day. The event occurred at 3:38:15 PM (IST).Jubilant Ingrevia Limited is a wholly-owned subsidiary of Jubilant Agro Sciences Limited. Further details are available on the company's website.Source:

Birla Cable Limited to Amalgamate with Vindhya Telelinks Limited Birla Cable Limited announced that its Board of Directors has approved a Scheme of Amalgamation with Vindhya Telelinks Limited. The amalgamation will see Birla Cable Limited (Transferor Company) merge into Vindhya Telelinks Limited (Transferee Company), leading to the dissolution of Birla Cable Limited. The decision was made at a board meeting held on March 21, 2026.The proposed Scheme is subject to statutory and regulatory approvals, including approval from the National Company Law Tribunal. It will also require no-objection letters from the BSE Limited and National Stock Exchange of India Limited.Under the Scheme, Vindhya Telelinks Limited will issue 10 equity shares...

Kotak Mahindra Bank Updates List of Key Managerial Personnel Mumbai, March 22, 2026 - Kotak Mahindra Bank Limited announced an updated list of Key Managerial Personnel responsible for determining the materiality of events and information, as well as for making disclosures to stock exchanges. The updated list, effective March 21, 2026, is detailed in Annexure A.The list includes Mr. Ashok Vaswani, Managing Director & CEO; Mr. Jaideep Hansraj, Whole-time Director; Mr. Paritosh Kashyap, Whole-time Director; Mr. Anup Kumar Saha, Whole-time Director; Mr. Devang Gheewalla, Group Chief Financial Officer; and Ms. Avan Doomasia, Company Secretary.All listed personnel share the same contact details: +91-22-61660001 and the email addresses...

Apeejay Surrendra Park Hotels Limited Discloses Promoter Share Acquisition Kolkata, March 22, 2026 — Apeejay Surrendra Park Hotels Limited announced that Mr. Karan Paul, Director and Promoter of the company, has acquired 27,042 equity shares, representing 0.01267% of the paid-up equity share capital.The acquisition was made on March 19 and March 20, 2026, through on-market transactions on the National Stock Exchange (NSE).Details of Share Acquisition:Name, DIN, AddressCategory of PersonSecurities held prior to acquisitionSecurities acquiredSecurities held post acquisitionKARAN PAUL PAN:AENPP1798P DIN: 00007240 Address: 13A, AIipore Road, Kolkata 700027Director and Promoter44,280 equity shares (0.02075%)17,830 shares71,322...

South Indian Bank Announces Leadership Change in Chairman Role Mumbai, India – March 22, 2026 – The South Indian Bank Limited announced leadership changes regarding its Chairman position, effective March 23, 2026. Mr. V J Kurian, currently serving as Non-Executive Part Time Chairman (Independent Director), will retire from his position on March 22, 2026, concluding his term.Mr. Jose Joseph Kattoor will assume the role of Non-Executive Part Time Chairman (Independent Director) for a three-year term, beginning March 23, 2026, in accordance with Section 10B(1A) of the Banking Regulation Act, 1949.Mr. Kattoor, aged 62, brings extensive experience from his tenure at the Reserve Bank of India (RBI), where he retired as Executive Director...

GE Vernova T&D India Limited Announces Director Appointments March 21, 2026 – Shareholders of GE Vernova T&D India Limited have approved resolutions through a postal ballot, with the results deemed effective as of Friday, March 20, 2026.The company announced the appointment of Ms. Rashmi Joshi as an Independent Director for a five-year term, commencing March 20, 2026, and concluding March 19, 2031. Ms. Joshi, a qualified Chartered Accountant and Company Secretary, possesses over three decades of experience in finance across various sectors including Oil & Gas, Lubricants, FMCG, and Pharmaceuticals. She previously served on the boards of Veedol Corporation Limited, Castrol India Limited, Thirdware Solutions Ltd, Godrej Industries Ltd...

KFin Technologies Limited Receives ESG Rating of 78.6 from SES Ratings KFin Technologies Limited announced on March 21, 2026, that it has been assigned an Environmental, Social, and Governance (ESG) rating of 78.6 by SES ESG Research Private Limited (SES Ratings). The rating is based on the company's public disclosures regarding ESG parameters and information available in the public domain.According to SEBI's Master Circular for ESG Rating Providers dated July 11, 2025, ratings are provided on a scale of 0 to 100, with 100 representing the highest possible score.The rating was communicated on March 20, 2026, at approximately 7:17 p.m. IST.Date of occurrence of event / informationMarch 20, 2026Time of occurrence of event /...

Divi's Laboratories Receives Draft Assessment Order from Income Tax Authority Divi's Laboratories Limited announced today, March 21, 2026, receipt of a Draft Assessment Order from the Income Tax Authority. The order, dated March 20, 2026, concerns the financial year 2022-23 (assessment year 2023-24).The Assistant Commissioner of Income Tax, Central Circle-2(1), Hyderabad, issued the Draft Order, proposing additions and disallowances totaling Rs. 570.51 crores to the company's returned income. These adjustments stem from Transfer Pricing adjustments on specified domestic transactions and corporate tax adjustments.The company anticipates an increased income tax liability reflecting the upward adjustment in income. Additionally, the...

Omaxe Limited Receives RERA Registration Certificates for Two Projects Omaxe Limited announced on March 21, 2026, that two of its wholly-owned subsidiaries have received Real Estate Regulatory Authority (RERA) registration certificates for respective projects.M/s. Omaxe New Chandigarh Developers Private Limited, a wholly-owned subsidiary, received a RERA registration certificate for the "Integrated Residential Township Phase 6B" project located in Kharar, SAS Nagar, Punjab. The registration number is PBRERA-SAS80-PR1355-032026 and the certificate is valid until December 1, 2030.Separately, M/s. Omaxe Garv Buildtech Private Limited, another wholly-owned subsidiary, received a RERA registration certificate for the "METRO CITY P-8B"...

Larsen & Toubro to Host Media Interaction on Middle East Project Updates and Employee Welfare Larsen & Toubro Limited announced it will host a media interaction today, Saturday, March 21, 2026, at 6:00 p.m. in Mumbai. The interaction will focus on providing updates regarding project execution and employee safety within the Middle East region.Key topics to be addressed include the current status and progress of L&T’s ongoing projects in the Middle East, alongside measures to maintain operational continuity given the regional environment. The session will also cover the safety, security, and well-being of the company’s workforce and their families deployed in the Middle East, including protocols in response to the current situation...

Patel Retail Limited Opens 50th Store in Thakurli, Marking Milestone in MMR Expansion Mumbai, March 21, 2026 – Patel Retail Limited (BSE: 544487 | NSE: PATELRMART), a diversified retail and integrated food processing company, announced the launch of its 50th Patel's R Mart store located at Shop No. 1, 2, and 3, Govind Height, Opposite 90 Ft Road, Thakurli.The new store strengthens Patel Retail's presence in the Mumbai Metropolitan Region (MMR) and caters to a rapidly growing residential catchment. Strategically located, the store offers a comprehensive range of essentials, groceries, daily-need products, and household items at competitive price points.“The opening of our 50th store marks an important milestone in our growth journey...

Vakrangee Partners with Bajaj General Insurance to Expand Insurance Offerings Mumbai, March 21, 2026: Vakrangee Limited has entered into a strategic corporate agency arrangement with Bajaj General Insurance Limited (formerly Bajaj Allianz General Insurance Company Limited) to offer a comprehensive suite of general insurance products through its network of Vakrangee Kendras.Under the collaboration, Vakrangee Kendras—primarily located in rural, semi-urban, and underserved regions—will provide a diverse range of insurance products including health, motor, home, and travel insurance. This initiative aims to cater to retail, rural, SME, and corporate customers, enhancing accessibility to insurance solutions across the country."We are...

Ishan Dyes and Chemicals Limited Allots Equity Shares, Appoints Internal Auditor, and Announces Resignation of Existing Auditor Ahmedabad – Ishan Dyes and Chemicals Limited announced the allotment of 4,23,280 equity shares following the exercise of convertible equity warrants and appointed a new internal auditor during a board meeting held on March 21, 2026.The company allotted the shares to Anilaben Piyushbhai Patel, who exercised options to convert 4,23,280 warrants held. The issue price for these shares was ₹ 63 per share, resulting in a total inflow of ₹ 1,99,99,980 for the company. As of March 21, 2026, 41,61,592 warrants remain outstanding for conversion.Following the allotment, the paid-up equity share capital of the company...

Satin Creditcare Network Limited Announces Leadership Changes Satin Creditcare Network Limited announced several leadership changes following a board meeting held on March 21, 2026. The board approved the appointment of Mr. Ankit Bhatia as Chief Audit Officer, effective April 1, 2026. Simultaneously, the board accepted the retirement of Mr. Amarjit Singh from the same position, effective March 31, 2026, after six years of service.Mr. Bhatia is a Chartered Accountant and Certified Fraud Examiner with over 12 years of experience in internal audit, forensic investigations, and risk management across various sectors including financial services and telecommunications. He previously held roles at Aditya Birla Capital Limited and Ernst &...

Bajaj Electricals Limited Receives Appeal Order Regarding GST Assessment Bajaj Electricals Limited announced it received an Appeal Order on March 20, 2026, regarding a previous assessment order from the Deputy Commissioner of Sales Tax, Danapur 1, Bihar. The original order, issued previously and detailed in a communication from March 31, 2024, included a total demand of 10.40 million rupees, encompassing a general penalty of 0.20 million rupees, related to alleged disallowance of Input Tax Credit for fiscal year 2017-18.The company had filed an appeal against the initial order. The Appeal Order issued by the Appellate Authority under Section 107 of the CGST Act 2017, reduced the total demand to 15.63 million rupees, including a...

Info Edge (India) Limited Receives Tax Demand Notice Info Edge (India) Limited announced the receipt of a Notice of Demand from the Assessment Unit, Income Tax Department on March 20, 2026. The demand pertains to an Assessment Order for Assessment Year 2024-25, totaling Rs. 3,64,63,140.The tax demand primarily arises from disallowances related to employee stock option (ESOP) expenses claimed by the company. Info Edge (India) Limited stated that the order is appealable and the company is currently reviewing it and evaluating subsequent steps.The company reported that the order is not expected to have a material impact on its financials, operations, or other activities in the current financial year. Similar disallowances for...

Medplus Health Services Subsidiary Receives Drug License Suspension Order Medplus Health Services Limited announced that Optival Health Solutions Private Limited, a subsidiary, has received a suspension order for a Drug License affecting one of its stores. The order, received on March 20, 2026, suspends the Drug License for a period of seven days for the store located on Bhimavaram P P Road in Andhra Pradesh.The suspension is attributed to a violation of Rule 65 of the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945. The potential financial impact of this suspension is estimated at a revenue loss of Rs 1.93 lacs.Further details regarding the order are available on the company website at www.medplusindia.com, as...

Celebrity Fashions Limited Allots Shares and Alters Redemption Date for Preference Shares Celebrity Fashions Limited announced on March 21, 2026, that its Board of Directors approved the allotment of 48,69,933 equity shares through a preferential issue. The allotment follows shareholder approval obtained through a Postal Ballot on February 18, 2026, and prior in-principle approval from the National Stock Exchange of India Limited (NSE) and BSE Limited.The shares are being issued at a price of Rs. 10.31 per share, including a premium of Rs. 0.31 per share, for a total of Rs. 5,02,09,009.23. The shares are ranked pari-passu with existing equity shares.The preferential issue involved investors Mr. Venkatesh Rajagopal, Mr. Vidyuth...